Re: Income Tax vs. Consumption Tax

Response to: http://www.youtube.com/watch?v=v4KfVM5Ed3c

Main Channel: http://www.youtube.com/jacobspinney

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[Weaselheadx]

Ideally, I think you are right, but at the same time I would see a sales tax replacing a an income tax as being a big step in the right direction.

[DominationCorp]

You don't have to buy anything, technically. This is the direct vs indirect taxation argument.

And the voluntary payments to the government was tried under the articles of confederation and failed.

[milofonbil]

You have a choice, and that's what makes the tax voluntary.

You don't have to have a job either. That is totally voluntary as well. You can become very rich without receiving wages from anyone. Your income can come from dividends and capital gains which are taxed at a much lower rate of 15%

[milofonbil]

According to the IRS, income taxes are completely voluntary. Everyone computes their own income tax liability and sends the amount owed to the government completely voluntarely. There is no threat here at all.

You don't even have to work if you don't want to. You don't need a job. You can get your money from other sources like capital gains or dividends. Think about this: You don't have to pay capital gains until you sell (or realize the gain). Why would you sell an productive investment?

[imroy264]

You'd like to see the government work on a voluntary basis? Fine.

Just don't complain when the police do so too. Or fire fighters. Or the postal service. Or your roads. Or the FDA. Or any number of countless other services or facilities that are funded by taxes.

Taxes are the cost of living in a society with all the things we take for granted. If you don't like it, live in a shack in the wilderness. Maybe then you could complain about the government extorting money out of you.

[reatonate1989]

I don't think you understand the free rider principle. why would i contribute to something when i can consume it for free, regardless of how good it is. Without government intervention the market for public goods fails to exist.

[bykashka75]

this guy is funny at his core. I always smile when i listen to him. But he is cool and smart and does make sense but in a funny way. I give you 5 stars

[TimeWarp66]

This is naiive. If it were all donation based their would be a massive free loader affect. Should those who do not donate be entitled to police and military protection as well?

It's just a silly argument. Forceful taxation is required, but it should be kept to a minimum!

[LexPhilogus]

Homicide by DEFINITION is the taking of another human life.

Obviously there is a concept known as justifiable homicide.

People who don't understand conditional logic are retarded.

[madpaintbalerx]

@trumpsahead Yeah people get so patriotic about democracy, but this is a republic.

[urgener]

I support the FairTax. Prices won't rise, because taxes are only paid by consumers, and the FairTax replaces tax, not add to tax. The net change in tax revenue will be zero, so prices will remain constant. The poor will be totally untaxed, by the prebate, and 350 billion $ will be eliminated in overhead

expenses. OH! And criminals and illegals will finally be paying taxes. Your purchasing power ill rise, under the FairTax.

[siggy16]

The people are the government